In the podcast "A new market in minutes", prepared by MEPS, it is reported that the UK steel market is at a crossroads: supply is expected to decrease and prices will rise in the coming months.
A study conducted for European Steel by MEPS. The review showed that the expectation of amendments to quotas and tariffs on steel imports in the United Kingdom led to a significant increase in the cost of coils in March. Subsequently, on April 1, a new quota for Turkish-made metal-coated sheet was introduced, and starting in July, a widespread reduction in quotas and a doubling of tariffs exceeding the established quotas are expected.1
In the latest edition of the Market in Minutes program, which can be viewed on YouTube, Spotify, or Apple Podcasts, Stuart Gray, Head of Research at the European Parliament, joins Tom Sharp, Editor-in-chief, to provide an update on trends in the British steel market.
"The British steel market is at a crossroads right now," Gray said. "There are so many things going on, so many factors influencing prices, which are being investigated and assessed by MEPs. This is really a very good time to publish news about the market conditions."
The following topics are discussed in the podcast "A new Market in minutes", entitled "The UK Steel Market at a crossroads".::
- UK steel buyers' concern about the impact of stricter import quotas on supplies
- As domestic steel production remains well below the installed capacity in the country
- The improvement in UK production performance did not affect demand from steel distributors
- Growing concern about the energy crisis caused by the conflict in the Middle East
- The MEPs' forecast on steel prices and the growing risks it should take into account
Market in Minutes publishes monthly information about a specific steel market study conducted by the MEPS research group. This is part of the "Talking about Steel" podcast series, in which researchers and invited guests discuss the factors influencing global steel prices
Regular reviews of the UK steel market are published in .22) Review of European metallurgy, prepared by members of the European Parliament. The monthly edition contains data on steel prices, price indices, market commentary, and six-month price forecasts for the UK, as well as Belgium, France, Germany, Italy, and Spain. Contact the MEPs to learn more about how to subscribe.
